Welcome to 8824 Cherry - A Turnkey Investment/money making Opportunity! Investors and potentially owner-occupant! This legal 3-unit building is a proven money maker w/ long-term tenants in place and low rents. Fully rented and well-maintained, w/ a lot of room to increase rental amounts to market rates. Garden unit was previous owners unit, condo-quality renovated, radiant heated floors, spacious 2 bed 1 bath & includes the newer oversized garage spot & has a private dedicated washer/dryer closet, right outside the door. Middle floor has 3 good sized bedrooms 1 1/2 baths, was completely remodeld w/ beautiful finishes, rent here could much higher...Top floor same floor plan as middle floor and in good condition. No history of flooding in this building. Large front side driveway big enough to fit 6 exterior cars. Middle/top floor Leases expire 4.30.2026. Garden lease through 3/31/26. Coin laundry in basement for extra income. River Grove Pre-sale inspeciton completed. Roof 7-8 years old. Projected market rents give this a cap rate is 7.1%!! Make your offer now!
Baird & Warner Jeffrey Schwartz Email
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listing Office: @properties Christie's International Real Estate
Listing Office Phone: 773-432-0200
Send an email with a link to
8824 Cherry Avenue, River Grove, IL 60171.
Contact an agent to learn more about
8824 Cherry Avenue, River Grove, IL 60171.
Thank you for your inquiry! As a thank you, we have a Special Mortgage Offer for You.
We would like to provide you a free, no-obligation, home loan pre-approval review.
Enter your mobile number below to have the property address and page url texted to your phone.
Select a category below to assign the saved listing to.
Please note, closing this modal will save the listing to the default category.